LCNB (NASDAQ:LCNB) Issues Quarterly Earnings Results

LCNB (NASDAQ:LCNB) announced its quarterly earnings data on Wednesday. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04), FiscalAI reports. LCNB had a net margin of 18.57% and a return on equity of 8.68%. The firm had revenue of $23.54 million for the quarter, compared to analyst estimates of $23.30 million.

LCNB Price Performance

Shares of NASDAQ LCNB traded down $0.11 during midday trading on Wednesday, reaching $16.64. 13,172 shares of the company were exchanged, compared to its average volume of 27,297. The stock’s 50-day moving average price is $16.64 and its 200-day moving average price is $16.31. The stock has a market cap of $236.95 million, a P/E ratio of 10.21 and a beta of 0.59. LCNB has a one year low of $13.75 and a one year high of $17.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38.

LCNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, March 2nd. LCNB’s payout ratio is presently 53.99%.

Insider Buying and Selling at LCNB

In other LCNB news, EVP Michael Robert Miller sold 2,759 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $17.75, for a total transaction of $48,972.25. Following the sale, the executive vice president owned 16,798 shares of the company’s stock, valued at approximately $298,164.50. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.67% of the company’s stock.

Institutional Trading of LCNB

Hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co grew its stake in shares of LCNB by 57.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after purchasing an additional 603 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of LCNB by 182.7% in the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock worth $54,000 after purchasing an additional 2,328 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of LCNB by 202.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after purchasing an additional 2,546 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of LCNB in the fourth quarter worth $146,000. Finally, Quadrature Capital Ltd bought a new stake in shares of LCNB in the fourth quarter worth $171,000. Institutional investors own 34.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of LCNB in a research report on Friday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, LCNB has a consensus rating of “Buy”.

LCNB Company Profile

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.